Canada’s housing market has been stuck in neutral, and experts say the missing spark could be mortgage rates falling to about 3 per cent or lower. Right now, the average lowest rate for a five-year fixed mortgage sits near 3.74 per cent. Many potential homebuyers are holding off, suggesting that current rates are simply too high to make buying sense again.

Staycations are back in style across Canada, with families and city dwellers turning backyard decks and nearby lakes into holiday escapes. After years of international travel restrictions, people are rediscovering local getaways – and cottages are at the heart of this trend. Warm weather, remote work flexibility, and a craving for nature have made nearby retreats more popular than ever. Yet despite this boom, cottage sales are surprisingly falling short.

A grand mansion in Toronto’s prestigious Forest Hill neighbourhood is back on the market for $17 million. Spread across about 10,500 square feet, this recently built home features seven bedrooms and eight bathrooms. It sits on an upscale street and delivers all the luxuries one would expect in a high-end property.

In parts of Ontario outside the Greater Toronto Area, many people looking to buy a home are moving carefully. They’re worried that jobs in their region might not be steady, and that makes them hesitate before taking on a big commitment. Rising interest rates also are adding to their concerns, making monthly mortgage payments feel less affordable.

The Greater Toronto Area (GTA) recorded just 5,601 home sales in April 2025, marking the slowest April (outside pandemic years) since 1996. That’s down 23.3 per cent from April 2024, though it’s a slight gain over March’s 5,011 sales figure.

Canadian drivers may soon notice more than just changing traffic patterns—instead of asphalt lots under car dealerships, many could witness condo towers and mixed-use buildings rising in their place. OpenRoad Auto Group, founded in 2000 by Christian Chia, now operates 35 dealerships across B.C., Ontario, and Washington State. In 2018, Chia launched its real-estate arm, OpenForm Properties, with a unique eye: turning expansive surface lots into housing and vibrant community hubs.

The Canadian Real Estate Association (CREA) says that home sales across Canada fell by nearly 10 percent in April compared to the same month last year. In total, 44,300 homes were sold in April, down from about 49,100 in April 2024. Month over month, sales also slipped slightly by around 0.1 percent from March to April.

Canada is facing a serious housing crisis, with too few homes being built and prices climbing too fast. According to CTV News, one idea gaining attention is modular homes. These are built in a factory, then moved to the site and assembled. The goal is to build more homes quickly and at lower cost.

Greater Vancouver home sales dropped sharply in April, with 2,163 transactions recorded—down 23.6 percent from 2,831 a year earlier. That marks the lowest April sales figure in nearly a decade, falling roughly 28 percent below the 10‑year average of 3,014 transactions. Despite more favourable borrowing terms, buyers have stayed on the sidelines. The Greater Vancouver REALTORS® noted that while mortgage rates have improved, a surge in economic uncertainty has weighed heavily on buyer confidence.

Vancouver’s real estate developer Bonnis Properties has been ordered by the Supreme Court of British Columbia to return a deposit of $1.1 million, along with interest and damages, after a planned sale of three low-rise buildings on Main Street fell through. The deposit was part of a $22-million deal with Epix Developments, which had agreed to purchase the site at 728–796 Main Street in Chinatown. The collapse of the deal and the court’s decision highlight how even well-advanced property transfers can unravel under unexpected conditions.

Canada's economy is showing signs of strain, with the real estate sector playing a significant role in the recent downturn. In February, the country's Gross Domestic Product (GDP) contracted by 0.2%, marking a notable shift from previous growth trends. This decline was primarily driven by decreases in mining, oil and gas extraction, and notably, the real estate industry. The construction sector, a major component of GDP, experienced a sharp decline due to a slowdown in homebuilding activities. Additionally, services related to real estate, such as commissions and property management fees, saw the steepest drop since 2022, contributing significantly to the overall economic slowdown.

Toronto Fire Services has ordered landlords of West Lodge Apartments in Parkdale to fix long-standing fire code violations. This action aims to improve safety in the aging complex, which has faced numerous complaints over the years. However, tenants now worry that these repairs could lead to higher rents or even eviction, threatening their access to affordable housing.

A major student housing project in Guelph has hit a roadblock due to a $15.5 million development charge imposed by the city. Forum Asset Management, the Toronto-based developer behind the ALMA @ Guelph project, announced in April 2025 that it was pausing construction on the second phase of the development. The company argues that the unexpected fee makes the project financially unfeasible without significantly increasing costs for students.

Ontario's real estate and development sector experienced significant leadership shifts in April 2025, reflecting ongoing transformations in the industry. Don Kottick, formerly President and CEO of Sotheby's Canada, assumed the role of President at RE/MAX Canada, succeeding Christopher Alexander. In the public sector, Abi Bond stepped down as Executive Director of Toronto's Housing Secretariat, marking a notable change in the city's housing leadership.

Summer in Canada brings warm weather, longer days, and a chance to enjoy the outdoors. For many homeowners, it also means it’s time for a deep clean after a long winter. Dust, dirt, and grime can build up inside and outside the home during the colder months. Summer is the perfect season to refresh living spaces and get homes ready for family gatherings, barbecues, and vacation time. Because of this, many Canadian homeowners turn to professional cleaning services to help with the heavy work.

Montreal's housing market showed strength in April, with home sales rising 10.4% compared to the same month last year. The Quebec Professional Association of Real Estate Brokers reported 5,126 homes sold in the region, up from 4,645 in April 2024. This growth comes as other major Canadian cities experienced declines in home sales amid economic uncertainty.

Canada's economy took a hit in February 2025, with the gross domestic product (GDP) shrinking by 0.2%. This downturn erased half of January's unexpected growth and marked the first monthly contraction since November 2024. The decline was primarily driven by reduced activities in the mining, oil and gas, construction, and real estate sectors.

Pressure washing is a fast and powerful way to clean outdoor surfaces. With the right equipment, dirt, mold, and grime can be washed away in seconds. Many homeowners and property managers use pressure washers to make driveways, decks, and siding look new again. But while pressure washing can be effective, it can also do serious damage if used the wrong way or on the wrong surfaces.

Toronto City Council has voted to freeze development charges (DCs) at current levels, halting a planned 4% increase that was set to take effect on May 1. The move, approved by an 18-2 vote, aims to provide relief to developers and homebuyers amid soaring housing costs and a slowdown in new construction.

Starting July 1, 2025, Ontario is introducing new measures to better protect people buying newly built freehold homes. Tarion, the organization that manages the province’s new home warranty program, will encourage buyers to notify them within 45 days of signing a purchase agreement. This early notice helps Tarion monitor transactions and act quickly if problems arise.

Mortgage rates in Canada are increasingly influenced by decisions made in Washington, D.C., as U.S. economic policies and Federal Reserve actions ripple across borders. The Federal Reserve's cautious approach to interest rate cuts, prompted by persistent inflation and economic uncertainties, suggests that Canadian mortgage rates may remain elevated in the near term.

In today's uncertain economy, Canadian homebuyers face a tough choice when selecting a mortgage: opt for the stability of fixed rates or gamble on the potential savings of variable rates. While variable rates have historically offered lower costs, recent market volatility has made them riskier. Fixed rates, though higher, provide predictable payments, which can be reassuring in fluctuating financial times.

A unique two-storey condo in Toronto is making waves in the real estate scene for its cozy charm and smart design. Located in the heart of the city, this double-decker unit offers a warm, inviting atmosphere that's rare in modern high-rise living. With its thoughtful layout and stylish touches, it's a standout choice for those seeking comfort without sacrificing urban convenience.

Canada is facing a serious housing crisis, with new home construction dropping sharply and warnings of a bleak future if current trends continue. A recent report from Policy Horizons Canada, a government think tank, suggests the country could become a place where upward mobility is out of reach for many, and only those with inherited wealth can afford homes. This scenario paints a picture of a society divided between the wealthy and everyone else, leading to increased social tensions and potential instability.

A recent report from BMO Capital Markets challenges the prevailing belief that Canada is facing a severe housing shortage. Contrary to the widespread narrative, the bank suggests that the issue has been overstated and that the country's housing supply has generally kept pace with population growth until recent years .